Posts Tagged ‘HODL’

The Hodler Manifesto website is a cool and short explanation about What is HODL. There are just eight short rules that a true crypto coin HODLer will follow, though most of these are also good advice for pretty much anyone into crypto. So even if you are not a true crypto HODLer, you might still check it out… who knows, maybe you are actually a HODLer, but didn’t know it until now.

Rule 1: A True HODLer Does Not Sell Their Coin.
Rule 2: A True HODLer Buys the Dip.
Rule 3: A True HODLer Remains Steadfast In Spite of FUD.
Rule 4: A True HODLer Keeps Their Coins Off Exchanges and Online Wallets.
Rule 5: A True HODLer Buys Goods and Services With Their Coin.
Rule 6: A True HODLer Spreads the Good Word.
Rule 7: A True HODLer Does Not Get FOMO When Another Coin Rises.
Rule 8: A True HODLer Will Run Their Own Full Node.

Following the announcement from earlier this month about an upcoming HODL hardfork, the coin has successfully hardforked at block 257000 and is now an interesting option for miners. Do note however that HOdlcoin (HODL) can be mined only with a processor, so this coin is for CPU miners. Prior to this hardfork all mined coins were automatically locked in a deposit for 1 year and you had to wait for that period to finis in order to get access to them, but after the successful hardfork you can mine and not have the coins automatically deposited for a year anymore. All previously mined coins prior the hardfork will still be locked for 1 year deposit, before they become available for use, so only new coins that you can mine now will be available immediately!

If you want to have a local HODL wallet make sure you have the latest one – HOdlcoin Core wallet version 3.0. There is only one HOdlcoin Mining Pool available for now, the fastest CPU miner for the coin is the Hodlminer Optimized Optiminer fork that you can use to mine on the pool. You can also use the built-in solo mining functionality of the wallet, but with the high network hashrate this might not be the best idea. HOdlcoin is currently being traded on Coinexchange, though if it manages to earn back enough interest from miners and users it might appear on other exchanges soon.

Last year we were actively following the development of the HOdlcoin (HODL) project up until there was a hardfork that essentially killed our interest in the coin. The Hardfork to version 2.0 introduced the rule that all new mined coins will automatically be staked for 1 year and also made obsolete the need of mining pools. As a result not only we lost interest, but many users that deemed the project interesting also did and from there on things pretty much started moving on a downwards spiral. Fortunately recently there was a decision for a new hardfork in order to bring back the regular mining as it was before the weird decision from the previous hardfork.

In order to get ready for the upcoming hardfork you need to upgrade to the latest HOdlcoin Core wallet version 3.0 before the network reaches a block height of 257000 when the hardfork will be activated. There is still some time left before the hardfork as the current block is 244607 and you can track how things progress via the official HODL blockchain explorer. The new wallet comes with some long awaited improvements such as tables sorting of the deposits, improved mining performance and some bugfixes.

Up until recently HOdlcoin (HODL) was only traded on the Yobit Exchange, though after the announcement for the upcoming hardfork there is a new altcoin exchange on board as well – Coinexchange. There is still only one HOdlcoin Mining Pool available by Optiminer, though we might be seeing some more getting back on board after the hardfork. The latest best performing miner for HODL is the Hodlminer Optimized Optiminer fork that you can use to mine on the only available pool. Do note that before the hardfork hits all mined coins (solo or on the pool) will still be held for a 1 year term deposit in your wallet before becoming available.

The big question now is if HOdlcoin (HODL) can recover and bring back sufficient user interest after the hardfork including miners. Currently the available hashrate on the Optiminer mining pool is about 20000 H/s with just about 35 miners. The biggest problem in bringing back user interest lies in the concept that the coin initially had with high interest rates on deposits and bonuses as these are already pretty low compared to the levels they were at last year. Still we are going to be keeping an eye on HODL to see how things will develop after the hardfork…

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